Jmac Enterprises LLC Has $819,000 Stock Position in PPG Industries, Inc. $PPG

Jmac Enterprises LLC lifted its holdings in shares of PPG Industries, Inc. (NYSE:PPG) by 5.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,200 shares of the specialty chemicals company’s stock after buying an additional 400 shares during the period. Jmac Enterprises LLC’s holdings in PPG Industries were worth $819,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Cookson Peirce & Co. Inc. increased its holdings in PPG Industries by 1.9% in the 1st quarter. Cookson Peirce & Co. Inc. now owns 4,862 shares of the specialty chemicals company’s stock worth $532,000 after purchasing an additional 89 shares in the last quarter. Summit Financial LLC increased its holdings in PPG Industries by 1.3% in the 1st quarter. Summit Financial LLC now owns 7,246 shares of the specialty chemicals company’s stock worth $792,000 after purchasing an additional 90 shares in the last quarter. Conning Inc. increased its holdings in PPG Industries by 5.5% in the 1st quarter. Conning Inc. now owns 1,881 shares of the specialty chemicals company’s stock worth $206,000 after purchasing an additional 98 shares in the last quarter. Beacon Capital Management LLC increased its holdings in PPG Industries by 37.1% in the 1st quarter. Beacon Capital Management LLC now owns 373 shares of the specialty chemicals company’s stock worth $41,000 after purchasing an additional 101 shares in the last quarter. Finally, Bell Investment Advisors Inc increased its holdings in PPG Industries by 40.9% in the 1st quarter. Bell Investment Advisors Inc now owns 355 shares of the specialty chemicals company’s stock worth $39,000 after purchasing an additional 103 shares in the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Citigroup upped their price target on PPG Industries from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, June 13th. Royal Bank Of Canada upped their price target on PPG Industries from $115.00 to $117.00 and gave the company a “sector perform” rating in a research report on Friday, August 1st. Wells Fargo & Company upped their price target on PPG Industries from $125.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, July 1st. UBS Group upped their price target on PPG Industries from $111.00 to $125.00 and gave the company a “neutral” rating in a research report on Wednesday, July 9th. Finally, Mizuho upped their price target on PPG Industries from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $129.82.

PPG Industries Stock Up 0.4%

Shares of PPG Industries stock opened at $104.46 on Friday. PPG Industries, Inc. has a one year low of $90.24 and a one year high of $132.18. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.42 and a quick ratio of 1.04. The stock’s 50-day moving average is $109.06 and its 200 day moving average is $109.51. The firm has a market cap of $23.58 billion, a price-to-earnings ratio of 23.69, a PEG ratio of 2.16 and a beta of 1.16.

PPG Industries (NYSE:PPG) last announced its earnings results on Tuesday, July 29th. The specialty chemicals company reported $2.22 EPS for the quarter, meeting the consensus estimate of $2.22. PPG Industries had a return on equity of 23.85% and a net margin of 6.25%.The company had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same quarter in the prior year, the company earned $2.50 EPS. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. PPG Industries has set its FY 2025 guidance at 7.750-8.050 EPS. Equities research analysts anticipate that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Monday, August 11th were given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Monday, August 11th. This is a positive change from PPG Industries’s previous quarterly dividend of $0.68. PPG Industries’s dividend payout ratio is currently 64.40%.

About PPG Industries

PPG Industries, Inc manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through two segments, Performance Coatings and Industrial Coatings. The Performance Coatings segment offers coatings, solvents, adhesives, sealants, sundries, and software for automotive and commercial transport/fleet repair and refurbishing, light industrial coatings, and specialty coatings for signs; wood stains; paints, thermoplastics, pavement marking products, and other advanced technologies for pavement marking for government, commercial infrastructure, painting, and maintenance contractors; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft.